Nipsey Hussle was an American rapper, entrepreneur, and activist, born Ermias Joseph Asghedom, emerged as a towering figure in the realms of hip-hop and community activism, leaving an indelible mark on both fields through his music, entrepreneurship, and philanthropic efforts.
Tragically, Nipsey’s life was cut short on March 31, 2019, when he was fatally shot outside his clothing store, The Marathon Clothing, in South Los Angeles. He was 33 years old. His untimely death sent shockwaves through the music industry and the communities he impacted, sparking conversations about his legacy and the void his passing left behind.
This article explores Nipsey Hussle’s net worth, delving into the sources of his wealth, his business ventures, and how his estate has been managed following his passing, all while honoring the legacy of a man who strived to inspire and empower those around him.
What was the net worth of Nipsey Hussle?
At the time of his untimely death in March 2019, Nipsey Hussle’s net worth was estimated to be around $8 million.
| Nipsey Hussle Net Worth 2019 | $8 million |
| Nipsey Hussle Net Worth 2018 | N/A |
| Nipsey Hussle Net Worth 2017 | N/A |
| Nipsey Hussle Net Worth 2016 | N/A |
Assets and Investments
Nipsey’s diverse assets included his music catalog, from which he retained all rights, ensuring a continuous revenue stream from royalties, streaming, and sales. His strategic move to own his master recordings was a testament to his business acumen, setting him apart in an industry where artists often relinquish such rights for immediate gains.
Beyond music, Nipsey was deeply invested in real estate. He and his business partner, David Gross, embarked on several ventures, including purchasing the plaza at Crenshaw and Slauson where The Marathon Clothing store is located. This investment was part of a larger vision to revitalize the neighborhood by developing residential and commercial spaces to serve the community and generate sustainable income.
Nipsey’s entrepreneurial spirit was also evident in establishing The Marathon Clothing store, which was more than a retail outlet; it was a hub for his brand and a symbol of economic independence. Additionally, his involvement in Vector 90, a co-working space and STEM center, underscored his commitment to empowering the youth in his community through education and entrepreneurship.
Management of His Estate
Following Nipsey Hussle’s death, the management of his estate became a crucial aspect of preserving his legacy and ensuring that his vision for his family and community continued. His brother, Samiel Asghedom, also known as Blacc Sam, took on the role of executor, overseeing the estate’s assets and distribution.
Court documents revealed that Nipsey’s estate was valued at approximately $4.2 million after his death, including his tangible assets and intellectual property. However, this valuation needed to account for the potential growth of his investments and the long-term income from his music rights, which are expected to continue generating revenue.
Distribution of Wealth to His Children
Nipsey’s financial planning foresight was evident in his provisions for his children, Emani and Kross. While specific details of his will were not publicly disclosed, it is known that he set up trusts to ensure their financial security. The management of these trusts was entrusted to his family, ensuring that his wealth would benefit his children and support their future endeavors.
In 2023, it was reported that Nipsey’s estate, valued at $11.3 million, would be split equally between his two children, ensuring that his legacy of empowerment and independence would live on through them. This decision reflects Nipsey’s lifelong commitment to his family and community, embodying his belief in the power of generational wealth and the importance of laying a solid foundation for the future.
Nipsey Hussle Biography
Nipsey Hussle’s journey began in the vibrant yet challenging streets of the Crenshaw neighborhood in South Los Angeles, where he was born Ermias Joseph Asghedom on August 15, 1985. Raised in an environment that was both culturally rich and fraught with the hardships of urban life, Nipsey’s early experiences in Crenshaw laid the foundation for his future endeavors in music and activism. The son of an African American mother and an Eritrean immigrant father, Nipsey’s diverse heritage significantly shaped his worldview and artistic voice.
From a young age, Nipsey demonstrated a keen interest in music, drawing inspiration from the West Coast hip-hop scene burgeoning around him. However, his path was not without its obstacles. Nipsey’s adolescence was marked by the challenges of gang involvement and the struggles inherent to his neighborhood. Yet, these experiences would later inform his music and activism, imbuing them with authenticity and a deep sense of purpose.
Nipsey Hussle Entrepreneurial Ventures
The Marathon Clothing Store
One of Nipsey’s most notable business ventures was The Marathon Clothing store, located at Slauson Avenue and Crenshaw Boulevard in South Los Angeles. Opened in 2017, the store was more than a retail space; it symbolised resilience and self-reliance. The Marathon Clothing was innovative, incorporating technology with commerce by introducing the world to a smart store concept where customers could use an app to access exclusive content from Nipsey and other artists associated with the brand. This venture was a testament to Nipsey’s forward-thinking mindset, blending his technology, music, and fashion interests into a cohesive and revolutionary retail experience.
Vector 90
In addition to The Marathon Clothing, Nipsey co-founded Vector 90, a co-working space and STEM center in the Crenshaw district. Launched in partnership with real estate developer David Gross, Vector 90 aimed to bridge underrepresented groups and the realms of technology, science, and entrepreneurship. The facility provided a space for local entrepreneurs to work and collaborate and STEM programs for the youth, aiming to reduce the gap in STEM education in marginalized communities. Vector 90 clearly reflected Nipsey’s commitment to creating pathways for success and innovation in his community.
Nipsey Hussle’s Personal Life
Much like his public persona, Nipsey Hussle’s personal life was marked by deep connections, unwavering loyalty, and a profound sense of responsibility towards those he loved and the community he called home. His relationship with actress and model Lauren London, with whom he shared a son, Kross Asghedom, was a testament to his commitment to family and his vision for a future built on mutual respect, love, and shared goals.
FAQs
What was Nipsey Hussle’s net worth at the time of his death?
Nipsey Hussle’s net worth was estimated to be around $8 million at the time of his death in March 2019. This figure was derived from his earnings as a musician, his investments in real estate, and his various business ventures.
How did Nipsey Hussle earn his wealth?
Nipsey Hussle earned his wealth through a combination of his music career, including album sales, streaming revenue, and touring, as well as his entrepreneurial endeavors. He invested in real estate, launched The Marathon Clothing store, and co-founded Vector 90, a co-working space and STEM center, among other ventures.
What business ventures did Nipsey Hussle have?
Nipsey Hussle’s business ventures included The Marathon Clothing store, an innovative retail space that combined fashion with technology; Vector 90, a co-working space and STEM center aimed at empowering the youth in his community; and various real estate investments aimed at revitalizing the Crenshaw neighborhood.
